Financial Woes

Trouble Uptown: Costco Cuts Jobs, Melba Toast Factory Closes

Photo: Courtesy of Old London Foods

Months after the Stella D’Oro factory moved to Ohio, Crains brings news that Melba toast maker Old London Foods will close its outdated (and unionized) Bronx plant and move to South Carolina, resulting in the loss of 228 jobs. Meanwhile, in Harlem, DNA Info reports that after just two months in business, Costco is cutting 160 of its 453 employees owing to poor sales.

Another big Bronx bakery closing [Crains]
Costco Tells East Harlem That It’s Laying Off 160 Workers [DNA Info]

Trouble Uptown: Costco Cuts Jobs, Melba Toast Factory Closes